The 2nd of April 2008 saw another milestone in the ongoing development of the Ocean Independence Group, with the acquisition of the highly respected and long-standing British brokerage firm, Cavendish White. In this interview with managing partners Nick Dean and Peter Hürzeler we ask them to give us the inside story of why and how this merger came about. "Since June 2005, when Ocean Cruise was re named Ocean Independence following the acquisition of a number of companies, the group has continued to establish itself with great success in the luxury yachting market. The original goals of increased sales and charter and greater quality were reached at a faster pace than imagined and due to this, we could look again for new opportunities to boost the group’s capacity and secure an even brighter future. In today’s competitive environment it is considered that a successful yachting company usually follows one of two models. Either a fairly small “boutique style” brokerage house that addresses a small number of local Clients and local yachts, or an international organisation encompassing worldwide locations, multiple yachting services, with the necessary manpower, know-how and experience to cater for all Clients and yachts, in all regions. The latter requires considerable financial means and stability, an excellent reputation and track record, and a willingness to set in place and maintain structures that are built to last, something that Owners and Captains of larger yachts look for in their brokerage company and benefit from. Since 2005 Ocean Independence has been counted amongst the select few yachting companies that offer the required market presence and authority to deliver top quality service in all sectors. But our vision was not yet complete and with the belief in a nearly unlimited ability to improve, no matter how good something already is, there is always room for growth. With this in mind, OCI started to look seriously at opportunities to further increase the strength of the company’s network, as we will always continue to do, and found the answer in Cavendish White."<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/125057/image/large-b5c945205cc9d4fc087d946e8c997258.jpg" data-gid="gid://syiq/Photo/125057">Why Cavendish White? "Principally it all started as a discussion between friends. Both of us have known Michael White for over 20 years and we have worked closely together, not only on sales and charter, but also during our considerable time on the Board of the Mediterranean Yacht Brokers Association (MYBA). Peter and Michael have both been President of MYBA and I headed the Charter Committee for many years before leading the Tax and Law Committee through some of the recent major changes in our industry. During countless meetings, a comfortable understanding of each other and a deep mutual respect had developed, as well as the realisation that we were basing our business operations on the same core values and ethical standards. This was a critical factor to all of us. Looking for natural fits, for win-win situations, for a counterpart used to dealing with matters similarly to us, in other words making sure our Clients would be comfortable and happy that our open and extremely personal approach would continue. Michael White and all his team more than exceeded these expectations, having created an exceptional reputation for these exact qualities within the industry over the last 20 years. Therefore it was very much a “meeting of minds” that led to the two teams coming together. There was also a common need for development, as not only was OCI looking for prospects to expand their team, but Michael also knew that to meet the new demands of his team and their Clients he would need to facilitate serious growth. A major factor that can often be a “sticking point” in any acquisition/merger is the role of the ex Owner. However, this gave no concern whatsoever as Michael was extremely keen, not only to join the new larger group, but also to head up an area of the group dedicated to the construction of new vessels around the world in conjunction with his long-standing director, Peter Thompson. The duo will put special emphasis on further developing ties in China and indeed the great potential in this market is already being seen through their spectacular successes. After only three months we are happy to report that the merger has been carried through successfully and that OCI acquired a company that could immediately assist in broadening the base to enhance our services to all our current and future Clients. The two teams have merged effortlessly and the flow of information and amount of cooperation within the group, all for the benefit of the Clients, is staggering. The combination of our listings for charter central agency now ranks us second largest in the world. Our central agency fleet for sales lists among the top five worldwide and is growing. Owners and charter Clients have started to realise that with our combination of market power and know-how we are attractive partners to approach for the biggest of projects, purchase and charter. And... we are still having fun!" - Nick Dean &amp; Peter Hürzeler <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/125058/image/large-2f4c3fd0a0f4d6aa7f79f0ee2c77a51c.jpg" data-gid="gid://syiq/Photo/125058">A word from Michael White... "Look after the customer, and the profits look after themselves. This has always been my philosophy. But as the world has become smaller, and customers more international, high levels of customer care can only be provided by having locations around the globe. Thus it is that we at CW opened offices in Dubai, Ft Lauderdale and latterly Athens. At the same time, Nick Dean and Peter Hürzeler were following the same path with Ocean Independence. At the Monaco Boat show in 2007 we were neighbours with adjacent stands. It was during the show that Peter came and sat with me and asked how we could make the two stands one for next year, spawning the discussions which has brought the two companies together. One of the comforts I have with this arrangement is my long standing friendship with both Peter and Nick who share my philosophy of personal customer care, which is evidenced by their success. And now, a couple of months following the amalgamation, the impetus this has given the globalisation process together with our customer driven philosophy has accelerated the new Group’s market position to such an extent that I believe the service we now offer is truly the best in the world."For more information on Ocean Independence Cavendish White visit: <a target="_blank" href="http://www.oceanindependence.com">www.oceanindependence.com</a>

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Why Ocean Independence bought Cavendish White

<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has announced that it has agreed upon a lease of construction facilities within the Maritime Industry and Business Park Volkswerft Stralsund in Germany. <img src="https://photo-assets.superyachttimes.com/photo/395892/image/large-3ca38fdddd01e9ee25c8a081829cb148.jpg" data-gid="gid://syiq/Photo/395892">Located in the Hanseatic city of Stralsund, Volkswerft Stralsund the 34-hectare site was purchased by the city in February 2022, with the council working to develop it into a maritime industrial and commercial park.The Maritime Industrial and Commercial Park Volkswerft is already home to around 20 companies and offers extensive hall space, heavy-lift capabilities of up to 1,000 tonnes, direct water access and a highly skilled regional workforce.<img src="https://photo-assets.superyachttimes.com/photo/395889/image/large-a9056b5f718fa19673449bfbc198222e.jpg" data-gid="gid://syiq/Photo/395889">“Stralsund offers exactly the kind of environment we were looking for,” explained Henning Dörries, CEO of <a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a>. “This is more than simply additional space, itis about creating the right environment to deliver ambitious projects efficiently and effectively.”Volkswerft Stralsund offers 97,000 square-metres of hall space, 32,000 square-metres of equipped office space and 24,00 square-metres of equipped workshop space and offers access via road, rail and inland/sea shipping.<img src="https://photo-assets.superyachttimes.com/photo/395893/image/large-0f32488cbf3c13ffc99a8b3423fba5fc.jpg" data-gid="gid://syiq/Photo/395893">“We are proud to welcome their success and expertise in the superyacht sector to our maritime industrial and commercial park,” said Volkswerft Stralsund. “Our facilities offer ideal conditions for conversion and new-build projects.”“The combination of infrastructure, expertise and maritime heritage available in Stralsund makes it a natural fit for our future plans,” concluded Dörries.<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has unveiled several superyacht concepts over the years, including the 75-metre <a data-gid="gid://syiq/Article/64397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts & Phathom Studio unveil 75m superyacht concept Alyra (2025-10-02 14:45:00 +0200)">Alyra</a> designed by <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a> and the 115.2-metre <a data-gid="gid://syiq/Article/61224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Look: Dörries Yachts unveils 115m H2-designed superyacht concept Zephyr (2024-08-12 11:15:00 +0200)">Zephyr</a> yacht designed by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/395888/image/large-55c7722186f293194a8fedc63a57e1bb.jpg" data-gid="gid://syiq/Photo/395888">

Dörries Yachts construction facilities at Volkswerft Stralsund

Dörries Yachts has announced that it has agreed upon a lease of construction facilities at Volkswerft Stralsund in Germany.

Dörries Yachts agrees lease for new shipyard in Germany

A new international association for naval architects, exterior and interior designers operating in the superyacht sector has been formally launched, called the <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">Superyacht Design and Naval Architecture Association (SYDNA)</a>.<img src="https://photo-assets.superyachttimes.com/photo/395084/image/large-ea7330f65bc3a99734a2919387e86bc7.jpeg" data-gid="gid://syiq/Photo/395084">Launched by Executive Director Clair Rozemeijer, alongside Luca Boldrini, Managing Partner of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and Vice President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>, the organisation aims to provide greater collective representation for yacht designers and naval architects, an area of the superyacht industry that has historically lacked a unified voice despite significant growth over recent decades.“Associations are founded because individual companies often face similar challenges that they cannot solve entirely on their own, and the association’s role is to create a collective strategy and platform to address those challenges together so that ultimately all members benefit individually from the collaboration,” explained Rozemeijer.The association already counts 12 leading design and naval architecture practices among its membership, including <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>, <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>, <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a>, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta</a>, <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a>, <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with qualifying studios invited to join<img src="https://photo-assets.superyachttimes.com/photo/395085/image/large-1f495a08cbefdd41f95fcaeceeb15138.jpg" data-gid="gid://syiq/Photo/395085">“Together with <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>'s board members and founding members, we explored where meaningful collaboration could exist, not in the areas where companies compete, but in the areas where we can collectively strengthen the profession of yacht designers and naval architects, and positively contribute to the wider industry,” added Rozemeijer.The association will aim to improve professionalism through market research, standard contracts, ethical guidelines and quality standards. <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> also plans to engage more actively with regulatory bodies including the <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">International Maritime Organization</a> and ISO, while encouraging greater knowledge-sharing among members.Sustainability will also form a core area of focus, as designers and naval architects can play a greater role in supporting the transition towards more sustainable technologies and solutions, including developments linked to Roadmap 2050, in collaboration with the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.“The Superyacht Builders Association (SYBAss) has successfully got the industry’s voice heard before new rules and regulations become a fait accompli,” added Espen Øino, founder and owner of <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, and President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. <img src="https://photo-assets.superyachttimes.com/photo/395086/image/large-bd4c7ffda795a9ef61a079534321475b.jpeg" data-gid="gid://syiq/Photo/395086">“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> allows us to have representation for elements specific to what we do as designers, whether that’s rules and regulations, how we deal with contracts, or other issues on which we will benefit from open discussion. It enables us to speak with one common voice toward authorities, the media, or clients.”The association also aims to strengthen recognition and credibility for member studios while supporting future generations of designers entering the sector. “The creative side of our industry has grown quite organically over many years and we’ve all entered it from different avenues,” said Jim Dixon, Studio Principal of Yachts &amp; Aviation at <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and board member of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. “We all felt it was time for consolidation, unanimity and robustness behind what we do.”To qualify for full membership, studios must have operated for at least 10 years and successfully delivered a minimum of five projects over 30 metres within the past decade, including new builds, major refits or conversions.“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> means we can not only bring designers together better, but also enhance our communication, cross-fertilisation and collaboration with shipyards and brokers, and ultimately that helps to grow the industry as a whole,” concluded Boldrini.

SYDNA launches international association for superyacht designers and naval architects

A new international association for naval architects and designers
operating in the superyacht sector has been formally launched.

SYDNA launches to represent superyacht designers and naval architects

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.In a statement issued today (27 May 2026), <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that the shipyard's operational activities will be ‘progressively intensified’, amid the ongoing restructuring process. This follows last week’s announcement that the company’s share capital had fallen below the legal minimum.Read more: <a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the company aims to reach full operations, starting from the first ten days of June. They stated that a rebalancing process remains underway through previously identified strategic measures, with cash management and operational financial dynamics continuing to be monitored.CEO Giovanni Costantino confirmed that the restructuring process is being developed with the support of top-tier advisors, but also criticised certain trade union organisations, which he described as “superficial” and “provocative” to the situation.&nbsp;“Rather than working together constructively and contributing during such a crucial phase in the life of the company, figures are being cited at random with no understanding whatsoever of the actual business situation,” commented Giovanni Costantino.&nbsp;The company also provided updates on several key projects currently under construction, including the first unit of the new 49.95-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Panorama 50M line, <a data-gid="gid://syiq/Yacht/12258" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spribe50.0m (164'1&quot;)Admiral2026">Spribe</a>, which recently completed sea trials and is scheduled for delivery in the first days of July, and the second hybrid unit, which will be launched in the first ten days of July, with delivery expected in September.Read more: <a data-gid="gid://syiq/Article/64891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="50m Admiral Yachts Panorama series motor yacht Spribe launched (2025-12-02 15:00:00 +0100)">50m Admiral Yachts Panorama series motor yacht Spribe launched</a><img src="https://photo-assets.superyachttimes.com/photo/379687/image/large-11f9a8770e46f4ce46a8fb5632b8a7c1.jpg" data-gid="gid://syiq/Photo/379687">Meanwhile, the 31-metre <a data-gid="gid://syiq/Article/64789" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 31m Tecnomar for Lamborghini 101 yacht moves to outfitting (2025-11-17 15:45:00 +0100)">Tecnomar for Lamborghini 101</a> yacht is currently undergoing the final stages of carpentry works at the Group’s Turkish facilities before being transferred to Italy in mid-June for outfitting. Construction of an additional 88-metre project is also progressing to schedule, with the yacht expected to arrive in Italy in October for completion works.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> also confirmed progress on its larger custom projects, including recently signed 82-metre and 85-metre builds acquired at the end of 2025. Both projects are currently in the detailed design phase, with keel-laying ceremonies expected to take place between July and September at the Group’s facilities in Turkey.&nbsp;The company added that activities within its refit division have continued without interruption, with operations at <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">CELI 1920</a>, the Group’s interior and cabinetry division, progressing in line with planned schedules.In addition, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it will participate in the 2026 edition of the <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, scheduled to take place this September.

The Italian Sea Group aims for full operations by June 

TISG has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.

The Italian Sea Group aims for full operations by June amid company restructuring

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">In a forensic due diligence update, the company said it has recorded losses significant enough to reduce its share capital below the minimum level required under Italian law. This has triggered a material event under Article 2447 of the Italian Civil Code, which in turn requires mandatory corporate action and the activation of protective measures under Italy’s Crisis and Insolvency Code.The Board of Directors met on 21 May 2026 to address what it described as significant losses. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it is now operating within a formal restructuring framework as it works to address the financial shortfall and restore its capital position.&nbsp;The update follows an announcement in April 2026, where <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that the court of Florence had granted protective measures as part of its negotiated composition procedure to restructure the company.Read: <a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">The ruling comes following a criminal complaint filed by Chief Executive Officer Giovanni Costantino against certain former senior executives of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> who headed corporate functions and allegedly acted in coordination with one another.According to the company, preliminary assessments show that accumulated losses have reduced share capital below the legal minimum threshold required under Italian corporate law.&nbsp;While the exact figure has yet to be determined, the board confirmed that statutory obligations have been triggered, including the convening of a shareholders’ meeting and the preparation of updated financial statements.The board also approved the guidelines of a broader turnaround plan aimed at restoring financial stability and maintaining business continuity. The company stated that the plan is intended to preserve ongoing concern status, while rebalancing equity within the current financial year.The proposed measures include renegotiations with multiple ship owning companies to recover extra costs on existing contracts, the revaluation of real estate assets, potential disposal of non-core property assets and the possibility of positive effects arising from an agreement with tax authorities.The board said it believes the underlying assumptions of the plan provide a reasonable basis for overcoming the current financial difficulties, while continuing to operate across its shipbuilding and refit divisions.The company also acknowledged the causes of the crisis to misconduct by certain senior managers acting in coordination.&nbsp;Read: <a data-gid="gid://syiq/Article/65584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG files complaint against former executives following forensic investigation (2026-03-10 09:15:00 +0100)">TISG files complaint against former executives following forensic investigation</a><img src="https://photo-assets.superyachttimes.com/photo/355527/image/large-10e2f4203acc580bab536674f4910115.jpg" data-gid="gid://syiq/Photo/355527">As part of the restructuring framework, the company has also activated protective measures under Article 20 of Legislative Decree 14/2019, designed to safeguard operations while restructuring actions are implemented. The filing will take effect upon registration with the Companies’ Register.On 2 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had appointed KPMG to conduct an independent forensic investigation after it had identified significant extra-budget costs across its order portfolio.According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the due diligence conducted by KPMG Advisory, originally initiated in February 2026, has been delayed due to the prioritisation of business continuity measures and changes in senior management. The completion of the review is now expected by late June or early July 2026.The company also confirmed it will continue to update the market as required under EU Market Abuse Regulation obligations.

TISG share capital falls below legal minimum

TISG is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.

TISG enters restructuring phase after share capital falls below legal minimum

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has approved its unaudited consolidated periodic financial information for the first quarter of 2026, reporting lower revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.Net revenue new yachts amounted to €302.1 million in the first quarter of 2026, down eight percent compared with €328.5 million in the same period last year. Adjusted EBITDA stood at €48.7 million, compared with €52.5 million in Q1 2025, while the adjusted EBITDA margin increased slightly to 16.1 percent, up from 16 percent a year earlier.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">Net profit for the period was €21 million, compared with €23.9 million in the first quarter of 2025. Order intake reached €179.6 million, down from €270.6 million in Q1 2025, reflecting what the company described as a softer commercial environment and slower order conversion.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s net backlog stood at €722.3 million as of 31 March 2026, compared with €828.6 million at the end of December 2025. The company reported a net financial position of €18.4 million at the end of the quarter, down from €111 million as of 31 December 2025.Stassi Anastassov, Chief Executive Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, said the first quarter had reflected “a softer commercial environment and slower order conversion than we would have liked, particularly on order intake.” He added that the group was approaching the market with “realism, discipline and operational focus.”Despite the lower order intake, Anastassov said the underlying fundamentals of the business remained solid, citing the group’s brand positioning, resilient margins and backlog visibility. According to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, more than €400 million of net backlog is expected to convert into 2026 revenues.For the full year 2026, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has issued guidance for net revenue new yachts of between €1.25 billion and €1.27 billion. The company expects an adjusted EBITDA margin of between 16.2 percent and 16.6 percent, with capital expenditure forecast between €70 million and €75 million.During the first quarter, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> participated in several major international boat shows, including Düsseldorf, Miami and Palm Beach. The company also remained the subject of corporate activity following KKCG Maritime’s conditional voluntary partial tender offer to acquire up to 15.4 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital.The offer, initially priced at €3.50 per share, was increased to €3.90 per share in March. The acceptance period closed on 13 April 2026, with KKCG Maritime receiving valid acceptances for 29,611,598 shares, representing approximately 8.75 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital. The total consideration amounted to €115.5 million.Following the end of the reporting period, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> also held its ordinary shareholders’ meeting on 14 May 2026. Among other resolutions, shareholders approved the audited separate financial statements for the year ended 31 December 2025, the distribution of an ordinary dividend of €0.11 per share, and the appointment of the new Board of Directors and Board of Statutory Auditors.<img src="https://photo-assets.superyachttimes.com/photo/394211/image/large-a4e5f60bae61b6a1d51d622c3e77d808.jpeg" data-gid="gid://syiq/Photo/394211">Read:&nbsp;<a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a> On 14 May 2026, the company held its ordinary shareholders’ meeting, during which shareholders approved the appointment of a new Board of Directors. The changes marked the departure of Alberto Galassi, who had led <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> as Chief Executive Officer for 12 years. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s current corporate governance page lists Stassi Anastassov as Chief Executive Officer and Tan Ning as Chairman of the Board of Directors.

Ferretti Group reports lower Q1 revenue as order intake falls

Ferretti Group reports lower Q1 2026 revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.

Ferretti Group reports €302m in Q1 revenue as order intake softens

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yacht Sales</a> has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The rebrand will also see its ticker symbol on the New York Stock Exchange change from OTH to NXB and aims to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.“<a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> was where we started, but NextBoat represents where we are going,” explained Chief Executive Officer Brian John. “We are building a technology platform that empowers brokers, dealers, resellers and marine entrepreneurs to buy and sell boats more efficiently through artificial intelligence, automation and data-driven infrastructure.”&nbsp;NextBoat is embedding artificial intelligence throughout the transaction process, through AI-driven valuations, AI-assisted acquisitions to identify off-market opportunities, AI-powered matching to connect buyer and sellers and AI-driven closing to automate documentation and workflows.&nbsp;“We’re entering a phase where technology doesn’t just support transactions-it executes them,” added Chief Operating Officer Blake Phillips. “This is how we believe we can scale efficiently without traditional overhead. We are an AI driven technology platform that allows us to be the largest buyer and seller of pre-owned boats.”Last week <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> announced it had completed the acquisition of marine, service and storage company, Apex Marine Group. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Read:&nbsp;<a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts completes acquisition of Apex Marine Group</a><a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> will continue operating as a core division under NextBoat, with its focus primarily on B2B dealer transactions and inventory liquidation, allowing dealers to wholesale trade-ins and aged inventory through the platform."Just as technology transformed how people buy homes, cars and travel, we believe boating is approaching its own major digital transformation," concluded Philllips. "Our goal is not simply to participate in this evolution, we intend to define it."

Off The Hook Yacht Sales to rebrand as NextBoat

Off The Hook Yacht Sales has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.

<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>’ acquisition of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> has marked a defining step in the group’s international expansion, positioning the US-based operator firmly within the Mediterranean – widely regarded as the epicentre of global yachting. Yet, as CEO Baxter Underwood makes clear, the transaction is less about geographic reach alone and more about aligning with the right people, culture and long-term philosophy.We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> banner, to understand how this relationship has developed and to find out their plans for the future. <img src="https://photo-assets.superyachttimes.com/photo/393753/image/large-6d9a79cfed5677ff0aef3b6de2780442.jpg" data-gid="gid://syiq/Photo/393753">A people-led approach to expansion<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s entry into the Mediterranean was not a rapid decision. Over a five-year period, the group evaluated multiple opportunities across the region before completing the <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> acquisition in 2025. The process ultimately reinforced a core principle underpinning its growth strategy: successful expansion begins with people rather than infrastructure.“The growth strategy of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> has always been to evaluate teams in each geography, be that the Caribbean, Central America or in this case the Mediterranean. Monaco Marine stood out for us because they had a strong team and the cultural characteristics to be a platform for expansion in the Med,” explained Baxter.Rather than seeking to replicate its US operating model abroad, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> prioritised identifying a team already demonstrating excellence within its market. Monaco Marine, with its network of nine facilities across the Mediterranean, offered not only scale but, more importantly, a deeply embedded culture shaped by founder Michel Ducros.Underwood highlights that it was this culture – defined by precision, consistency and a relentless pursuit of improvement – that distinguished <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> from other opportunities. The company’s facilities, while quite significant, were secondary in importance to the strength of its human capital and operational ethos.Culture as the foundation of long-term valueAt the heart of the acquisition lies a recognition that cultural alignment is critical to long-term success. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> operates with a distinct approach shaped by the nuances of the Mediterranean market, from client engagement to seasonal workflows and service delivery.“In the most important ways, the team and culture built by Michel was remarkably similar to our own. But they also did things differently than we did. Certain elements of their superyacht service model differed from how we operated in the US. We didn’t want to take our American mentality and force it on the European market, so we evaluated and embraced the positive differences, the ones that created value for the customers. This exchange of best practices has proven to be valuable. We’ve already begun implementing many of the learnings into our service model in the US.”&nbsp;Rather than viewing these differences as barriers, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> viewed them as essential characteristics for succeeding in the region. The objective was not to impose uniformity, but to embrace and learn from a system already optimised for its environment.What ultimately aligned the two organisations was a shared commitment to excellence in a context of teamwork and desire to learn together. Underwood describes <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s leadership as possessing an almost artistic attention to detail, supported by continuous investment in training, technology, and operational rigor that is always seeking client feedback. This alignment provides the foundation upon which mutually accretive integration is achievable.<img src="https://photo-assets.superyachttimes.com/photo/393751/image/large-d14364d694d27fa3dccb17b0342b2431.jpg" data-gid="gid://syiq/Photo/393751">Retaining expertise and expanding influenceWith culture identified as the cornerstone of value, retaining Monaco Marine’s team became an immediate strategic priority. <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> worked closely with the existing management team throughout the transition to ensure continuity, leveraging his longstanding relationships across the organisation.The result has been significant team retention – a critical outcome in preserving both operational consistency and client trust. “The nine assets and locations are wonderful, but the technical capability and commitment of the team was the heart of the acquisition,” explains Baxter.&nbsp;Rather than operating independently, the team is now positioned to play an influential role within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s wider network. Their expertise is informing operational improvements across the group’s US and Caribbean locations, including with sustainability initiatives like <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s innovative approach to waste water management.This shift reflects <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s broader philosophy: growth is not achieved by centralising knowledge alone, but by distributing it across its broad network and encouraging regional leaders to shape its global operations.Establishing a European cornerstoneThe acquisition firmly establishes Monaco Marine as <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s flagship platform in Europe. Beyond its physical presence, it provides the local insight necessary to guide further expansion across the region.The Mediterranean’s position as the world’s most significant yachting market makes this foothold particularly strategic. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s team now plays a central role in identifying and evaluating future acquisition targets, ensuring that expansion is informed by regional expertise rather than external assumptions.This approach reveals one of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s core strategies – one that values diverse knowledge as a driver of innovative growth.<img src="https://photo-assets.superyachttimes.com/photo/393752/image/large-b3feb1138e2178b590c702495932782f.jpg" data-gid="gid://syiq/Photo/393752">Creating a seamless transatlantic networkA key objective of the integration is to deliver a unified service experience across both sides of the Atlantic. Even prior to the acquisition, approximately 37 percent of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s US-based superyacht clients were already utilising <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> facilities during Mediterranean operations. That figure has since increased, reflecting stronger alignment between the two networks.The focus has now moved to ensuring continuity. This extends beyond technical capabilities and refit standards to encompass communication, processes and the overall client experience. Owners, captains and crews will encounter the same level of service and operational consistency across the entire network.Monaco Marine’s active engagement with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s other operations has been instrumental in this process, with cross-regional collaboration shaping a more cohesive global offering.Enabling greater transatlantic mobilityBy connecting two of the industry’s most active cruising regions, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> is positioned to facilitate more fluid vessel movement between the United States and the Mediterranean. The company believes that this is a good thing for the yachting community.This enhanced connectivity is expected to increase operational efficiency while encouraging more frequent transatlantic cruising among US-based clients. Central to this ambition is the assurance of reliable, high-quality support throughout a vessel’s journey.In this sense, the acquisition aligns with a broader industry dynamic: as yachts operate across increasingly global itineraries, service networks evolve to match their mobility.Balancing identity and integrationOne of the more visible outcomes of the acquisition is the planned rebranding of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> name. While strategically aligned with the creation of a unified global identity, the decision was not made quickly.“This was not an easy decision and something that took both collaboration and support from the team at <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>” adds Baxter. “Our goal is to achieve a sense of oneness for owners, captains, builders, OEMs, so that they can expect the same level of service excellence at every <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> facility.”&nbsp;<a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s brand carries significant heritage within the Mediterranean, and preserving the qualities that underpin that reputation is a priority. For clients, changes will initially be most apparent through branding, signage and on-site identity. However, the overarching aim is for the experience itself to constantly innovate and evolve in favor of the customers.Raising the standard across the industryBeyond its immediate operational impact, the acquisition reflects a broader ambition within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s strategy. The goal is not solely to expand its own footprint, but to elevate standards across the yachting ecosystem.By connecting regions, sharing expertise and refining service delivery, the group seeks to enhance the experience for owners, captains, crew and industry stakeholders alike.In this context, the integration of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> represents more than a geographical expansion. It signals a move towards a more connected, consistent and collaborative global yachting landscape – one in which excellence is defined not by location, but by a shared commitment to quality.

Safe Harbor’s Monaco Marine acquisition

We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the Safe Harbor banner.

Behind the Safe Harbor rebrand of Monaco Marine

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board. Anastassov succeeds Alberto Galassi, whose departure from the company was announced yesterday.Read: <a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a><img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">Anastassov joins the group with extensive international leadership experience across the consumer, industrial and manufacturing sectors. He previously served as the President and Chief Executive Officer of Duracell and spent three decades in senior leadership roles at Procter &amp; Gamble across Europe, North America, Asia and the Middle East.In addition to his executive experience, Anastassov currently serves as a non-executive director of JS Global Lifestyle and Better Shelter, while also advising international companies and investment firms on governance and operational transformation.“It is an honour to be appointed Chief Executive Officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people,” commented Stassi Anastassov.&nbsp;“Italy is and will remain the heart of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s future.”During yesterday’s shareholder’s meeting is was announced that Tan Ning was appointed as Chairman of the Board of Directors, alongside Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.“On behalf of the Board, I thank shareholders for their continued trust and support. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” added Tan Ning.&nbsp;“The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Ownership tensions continueAs well as this, Reuters reported earlier today that Czech investor KKCG Maritime had submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has breached "golden power" rules designed to shield strategic assets.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.As a result of this, KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. "A request has been received and is currently being considered by the relevant departments,” explained Industry Minister Adolfo Urso.During the announcement of its new CEO Stassi Anastassov, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> said it would continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation.The company’s next Board meeting is scheduled for 19 May 2026, during which it will review its first-quarter 2026 financial results.

Ferretti Group appoints Stassi Anastassov as CEO

The Ferretti Group has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect.

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Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> has completed the acquisition of marine, service and storage company, Apex Marine Group.<img src="https://photo-assets.superyachttimes.com/photo/393587/image/large-77d79f43d3f87b5a5a2311f82a62aa95.png" data-gid="gid://syiq/Photo/393587">The acquisition was <a data-gid="gid://syiq/Article/65451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts to acquire Apex Marine Group (2026-02-24 14:00:00 +0100)">first announced in February 2026</a>, with the deal valued at $5.5 million, with $1.83 million in cash, approximately 670,000 shares valued at $2.70 and a $1.83 million secured seller note at six percent due in three years.Located in South Florida, the Apex facilities include four prime storage and service locations, haul-out capability up to 150 metric tons and vessels up to 40 metres, and comprehensive in-house service teams for repair, refit and refurbishment.“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/386344/image/large-a0334d742061ce908dacbd406c529d7b.jpg" data-gid="gid://syiq/Photo/386344">“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”Founded in 2012, <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> is an online marine marketplace for pre-owned boats, with an integrated ecosystem that includes <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a>, Azure Funding and proprietary lead-generation platforms.“This acquisition is fundamentally about operational dominance through infrastructure,” concluded Jason Ruegg, Founder of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. “Facilities like these are unique in South Florida. Bringing service, storage and hauling in-house is a game changer for our efficiency, margins and ability to scale.”

Off the Hook Yachts completes Apex Marine Group acquisition

Off The Hook Yachts has completed the acquisition of marine, service and storage company, Apex Marine Group.

Off The Hook Yachts completes acquisition of Apex Marine Group

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has appointed a new Board of Directors during its Ordinary Shareholders’ Meeting held on 14 May 2026, and confirmed the departure of longtime CEO Alberto Galassi after 12 years leading the company.<img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">The new board of directors was announced following today’s earlier announcement that Piero Ferrari and Stefano Domenicali had resigned yesterday evening, with immediate effect.Read:&nbsp;<a data-gid="gid://syiq/Article/66083" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions (2026-05-14 11:30:00 +0200)">Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions</a><img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Shareholders appointed Tan Ning as Chairman of the Board of Directors, while the board is expected to formally appoint Stassi Anastassov as Chief Executive Officer during a follow-up board meeting scheduled for 15 May 2026.“It is a great honor for me to be elected Chairman of the Board and wish to express my sincere gratitude to the Shareholders for their trust and continued support,” explained Tan Ning, the Chairman of the Board of Directors.“I would also like to extend my heartfelt thanks to the outgoing Board of Directors and Board of Statutory Auditors, as well as to the outgoing CEO, Mr Alberto Galassi, for work carried out during his mandate in the past twelve years.”The Shareholders’ Meeting appointed nine members to the Board of Directors, which will remain in office until the approval of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2028 financial statements. The board includes newly appointed Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521">The Board of Directors is expected to approve the following proposed structure during its meeting on 15 May, which includes, &nbsp;Tan Ning as Executive Director and Chairman, Stassi Anastassov as Chief Executive Officer, and Patrick Sun, Zhu Yi, Federica Marchionni and Donatella Sciuto as non-executive independent directors.The company also proposed the formation of several governance committees, including Audit, ESG, Strategic, Nomination and Remuneration committees.Alongside the leadership changes, shareholders approved <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2025 financial statements, with the group reporting net new yacht revenues of €1.23 billion, up five percent year-on-year. Adjusted EBITDA increased 6.7 percent to €202.8 million, while the company reported a net cash position of €111 million.Shareholders also approved the distribution of a dividend of €0.11 per share, representing a maximum payout of approximately €37.2 million. The dividend will be paid on 17 June 2026.“The new Board of Directors represents continuity, stability and growth,” concluded Ning. “It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012.”

Ferretti appoints new Board of Directors

Ferretti Group has appointed a new Board of Directors and confirmed the departure of longtime CEO Alberto Galassi.

Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors

Leona Caanen sat down with Richard Hadida, long-time sailor, owner and chairman of&nbsp;<a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yachts</a>, who is currently on a 16-month journey to circumnavigate the globe with fellow&nbsp;<a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yacht</a>&nbsp;owners.&nbsp;Sailing around the San Blas islands off the coast of Panama is Richard Hadida, a life-long sailor and, since 2018 the owner of the UK-based <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yachts</a>. Joining Richard in the azure blue waters of Panama are another 23 <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> sailing yachts, preparing to cross the Panama Canal and head towards French Polynesia. The reason? The 2026-27 Oyster World Rally.<img src="https://photo-assets.superyachttimes.com/photo/378811/image/large-09e42b8e3770ce85e64a241b12171e1d.jpg" data-gid="gid://syiq/Photo/378811">The rally around the worldWhat started in 2013, has turned into a well-loved tradition for <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yacht</a> owners. Every two years, a group of owners set out to circumnavigate the globe together over the course of 16 months. The only requirement is owning an <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yacht</a>. When Richard took over ownership of the shipyard, the rally was well underway: “They were all in New Zealand and didn't know what was happening; they were nervous it was all going to be over.”<img src="https://photo-assets.superyachttimes.com/photo/393554/image/large-a46b63aab5a0e574b8b0b04078059147.png" data-gid="gid://syiq/Photo/393554">Almost immediately, Richard sent someone out there and said, “Look, you know, we've picked it up. We'll look after you guys. Don't worry. Everything's good.” He kept true to his promise, and, minus a pandemic-related hiccup, the rally has happened every other year. Richard notes that, throughout the past eight years “There's been lots and lots of ups along the way, but my highlight is this rally.”The route is the same each rally, starting in the Antigua harbour, heading south and through the Panama Canal before sailing towards French Polynesia, Australia and the Great Barrier Reef, followed by island hopping in Indonesia, around the Cape of Good Hope, before returning to the starting point. <img src="https://photo-assets.superyachttimes.com/photo/378813/image/large-f6e264dfd96b0c95a19266c04a03c9e9.jpg" data-gid="gid://syiq/Photo/378813">An important distinction is that the rally is not a race. Rather, it is a shared passage around the world that blends exploration with the reassurance of a structured support network. Richard emphasises that the <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oysters</a> are well-cared for, “we fly out our best engineers and they fix all the little teething, little snagging issues. We know our own boats, right? We have the designs. We know every single detail.” It’s a sense of service that provides comfort for everyone involved, as well as those at home.<img src="https://photo-assets.superyachttimes.com/photo/393558/image/large-f6540711463b84f7c7f3daf1d2f48eb0.jpg" data-gid="gid://syiq/Photo/393558">Partaking in tradition“It’s always been in my mind's eye, partaking in the rally, as something I'd love to do.” Discussing the ideal timeline with his wife, they were considering either 2028 or 2030, “suddenly we were like, why wouldn't we do it now?” Richard shares, “it was like a revelation.” Thus began the preparations for the 2026 rally onboard his <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> 885, <a data-gid="gid://syiq/Yacht/6352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lush27.08m (88'10&quot;)Oyster Yachts2012">Lush</a>.<a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yachts</a> are built for what Richard describes as ‘blue water’ capability: yachts designed for long distance ocean passage. Construction quality, redundancy in systems and a focus on safety all play a role in enabling owners to undertake global voyages with confidence. Richard’s yacht, <a data-gid="gid://syiq/Yacht/6352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lush27.08m (88'10&quot;)Oyster Yachts2012">Lush</a>, has crossed the Atlantic twenty times, “she’s twelve years old and she’s already circumnavigated once before. You feel the strength and the security when you’re sailing.”<img src="https://photo-assets.superyachttimes.com/photo/393555/image/large-0abb38e810c7944d433ff5b80a391cf3.jpeg" data-gid="gid://syiq/Photo/393555">Yet despite this capability and the trust in the build, each participating yacht and its crew need to undergo a certain level of training. Participants spend up to a year attending seminars and training sessions covering everything from offshore navigation to safety procedures. Survival courses, fire training and life raft drills form part of the preparation, ensuring that every sailor understands how to respond in an emergency.Additionally, weather routing specialists monitor conditions throughout the voyage, advising the fleet and each vessel carries satellite tracking equipment so that the rally organisers can follow the fleet’s progress in real time.<img src="https://photo-assets.superyachttimes.com/photo/396105/image/large-8b5d727cc491eebd0fb5df4f2d7b05e6.jpg" data-gid="gid://syiq/Photo/396105">Slow sailingCircumnavigation can be completed far faster than 16 months. The <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> World Rally intentionally chooses a slower rhythm. The aim is not simply to cross oceans but to absorb the places along the way. “There’s something about travelling slowly,” Richard notes. “You cover every mile and you feel the world changing around you. The temperature shifts, the time zones change, and you understand exactly where you are.”Weeks have been spent among the San Blas Islands, an archipelago of more than 300 islands, where instead of rushing onward, the fleet lingered for days, exploring remote anchorages and travelling inland to jungle waterfalls between sailing passages.The ability to enjoy such slow travel is thanks to certain luxuries the likes of Starlink, which keep Richard and fellow sailors connected to life back home. While the bulk of time is spent sailing and adventuring with his wife, sons and crew, there’s also the opportunity to take work calls. “It’s extraordinary,” Richard notes, “you can go on an adventure in the middle of the day, come back to the boat, and carry on with work.” True to his word, Richard ends our call to go crocodile-spotting with his youngest son.<img src="https://photo-assets.superyachttimes.com/photo/393556/image/large-6feb41da1249d7e2cef2c14e05ea49e7.jpg" data-gid="gid://syiq/Photo/393556">Travelling with purposeA newer dimension of the rally is the concept of regenerative tourism, an approach that encourages sailors to leave a positive impact on the destinations they visit. Unlike traditional sustainability initiatives that focus primarily on reducing harm, regenerative tourism seeks to actively improve the environments and communities encountered along the way.&nbsp;Activities range from environmental awareness projects to supporting local conservation initiatives. “It could be awareness, it could be picking up plastic, it could be supporting conservation,” Richard explains. “The idea is that we leave a place slightly better than we found it.”One upcoming stop highlights that ambition. In the Galápagos Islands, the fleet will host a series of discussions led by Sarah Darwin, the great-great-granddaughter of Charles Darwin, who is involved in ecological restoration projects in the archipelago. <img src="https://photo-assets.superyachttimes.com/photo/396091/image/large-94301c4c375b86a2cd7253c448878fd6.jpg" data-gid="gid://syiq/Photo/396091">A family voyagePerhaps the most striking element of Richard’s participation is that he gets to share it with his wife and youngest son, who are also onboard <a data-gid="gid://syiq/Yacht/6352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lush27.08m (88'10&quot;)Oyster Yachts2012">Lush</a>. “My two older sons are now 21 or 19, but when they were like 10, I was watching them jump off the side, and now I've got my two-year-old growing up on the same boat; I love that.”“I’m not someone who likes disposable things,” he says. “This boat has memories in it. My children have grown up on board.” <img src="https://photo-assets.superyachttimes.com/photo/396104/image/large-e045835f24ba5410d34358ef61375d82.jpg" data-gid="gid://syiq/Photo/396104">A year of sailingHaving started the <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> World Rally this January in Antigua, the sailors are, at time of writing, well underway towards the Galápagos islands and tend to be very happy there is still so much sailing to go.For many sailors, the end of the journey arrives with mixed emotions: some find it difficult to return to land after spending all this time out at sea. Richard understands the sentiment, “once you begin to experience the world at the pace of a sailing yacht, the idea of rushing through it again feels strangely unfamiliar. You realise the world is vast, and you’re seeing it properly.”&nbsp;The <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> World Rally may follow a charted route around the globe. Yet for those onboard, the real voyage lies in discovering how large, and yet how connected, that world can be. “There’s something magical about it,” Richard notes.<img src="https://photo-assets.superyachttimes.com/photo/393550/image/large-3d80ac007ca3f58263d6eac9af835c80.png" data-gid="gid://syiq/Photo/393550">

Richard Hadida Oyster World Rally 2026

Richard Hadida, long-time sailor and owner & chairman of Oyster Yachts joins the 2026 Oyster World Rally onboard 27m Lush.

Richard Hadida: The Oyster World Rally onboard his yacht Lush

For more than 150 years, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has built its reputation on engineering excellence, delivering some of the world's most iconic superyachts. Yet behind the celebrated new-build programme lies another cornerstone of the German shipyard's offering: a comprehensive refit and services division that combines the same craftsmanship, innovation and technical expertise with a proactive approach to yacht ownership.<img src="https://photo-assets.superyachttimes.com/photo/395685/image/large-6c0d99789964811f27b5ed79d23b7e34.jpg" data-gid="gid://syiq/Photo/395685">Operating across one of the largest yacht-building infrastructures in the world, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s refit capabilities are available not only to yachts built by the shipyard itself, but to the entire global fleet. From routine maintenance and scheduled surveys to major conversions and sustainability upgrades, the shipyard has positioned itself as a destination for owners seeking complex solutions delivered to the highest standards.Scale, expertise and innovation<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s shipyard network spans northern Germany, supported by a design centre in Croatia and a sales office in Fort Lauderdale. At the heart of its refit operation is the former <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> shipyard in Hamburg, acquired by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> in 2016.Covering 451,000 square-metres and featuring seven docks, the Hamburg facility represents approximately 40 percent of the Group's total shipyard footprint. With Lürssen's legacy for complex new-build projects at its other facilities, owners benefit from the same level of engineering knowledge, project management expertise and highly skilled workforce responsible for delivering some of the industry's most advanced yachts.This integration creates a distinct advantage when tackling technically demanding projects. Whether undertaking a major structural modification, a complete interior transformation or a full vessel conversion, clients gain access to the resources and experience of a shipyard accustomed to solving complex engineering challenges.Since acquiring the Hamburg site, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has redelivered nearly 100 yachts, with close to half a kilometre of yachts undergoing refit work at the facility during the past 12 months alone.<img src="https://photo-assets.superyachttimes.com/photo/395684/image/large-e860b8408cb8573130a03c0e4ccc63a4.jpg" data-gid="gid://syiq/Photo/395684">A solution for every ownerWhile commissioning a custom new-build remains the ultimate expression of yacht ownership, lengthy construction schedules are often an unavoidable reality. For owners seeking a faster route to a highly personalised yacht, refit and conversion projects offer a compelling alternative.By identifying the right platform and investing in a carefully planned transformation, owners can create a yacht tailored to their individual requirements within a significantly shorter timeframe than a new construction project.The opportunities extend far beyond cosmetic upgrades. Leveraging its commercial shipbuilding heritage, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> is increasingly involved in large-scale conversion projects, transforming robust offshore and industrial vessels into capable exploration yachts designed for extended global cruising.These vessels, originally engineered to operate in demanding environments, provide strong foundations for owners seeking expedition capabilities without compromising on comfort, luxury or autonomy.<img src="https://photo-assets.superyachttimes.com/photo/395663/image/large-fff7a51890ff3bb2699f3ff16be929a6.jpg" data-gid="gid://syiq/Photo/395663">Advancing sustainability through practical solutionsAs environmental considerations continue to shape the future of yachting, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> Refit &amp; Services is also helping owners reduce operational emissions through carefully assessed sustainability programmes.Every project begins with detailed feasibility studies, ensuring proposed upgrades align with the yacht's operational profile and owner requirements. Rather than prescribing a single solution, the shipyard focuses on identifying the most effective measures for each individual vessel.Depending on the programme, improvements can range from LED lighting upgrades and intelligent motion-sensing systems to advanced heat recovery technology and sophisticated energy management platforms that optimise onboard power consumption.Many of these initiatives can be incorporated into larger refit schedules, allowing owners to enhance efficiency while minimising disruption to cruising plans.<img src="https://photo-assets.superyachttimes.com/photo/395686/image/large-760964d6aac379d57a85ccebad544ef4.jpg" data-gid="gid://syiq/Photo/395686">Supporting yachts beyond the shipyard<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s commitment to owners extends well beyond the completion of a refit project. Through its Fast Operations and Response Unit (FORU), the shipyard provides global technical support for large yachts, with specialist teams regularly deployed to resolve operational issues around the world.Many repairs can be completed remotely, at anchor or alongside, reducing downtime and ensuring yachts remain where they are intended to be: on the water and in active use.This lifecycle-focused approach is further supported by dedicated maintenance planning, extensive spare parts inventories and round-the-clock assistance, giving owners access to the expertise of one of the industry's most experienced shipbuilding organisations wherever their yacht may be operating.<img src="https://photo-assets.superyachttimes.com/photo/395662/image/large-55a116c30cdaae0fb2a686b8dc25cbbc.jpg" data-gid="gid://syiq/Photo/395662">A partner for the global fleetFrom scheduled class surveys and technical upgrades to complete vessel conversions, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s refit division offers owners access to the same standards of engineering, craftsmanship and project execution that have defined the shipyard's new-build programme for generations.For owners seeking to extend a yacht's lifespan, improve performance or unlock new capabilities, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> Refit &amp; Services provides a pathway to maximise value while ensuring vessels continue to evolve alongside the demands of modern ownership.As the shipyard continues to expand its refit activities, one message remains clear: regardless of where a yacht was originally built, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s expertise is available to the entire global fleet.

Lürssen refit yacht shipyard 

For more than 150 years, Lürssen has built its reputation on engineering excellence, delivering some of the world's most iconic superyachts.

Why owners are turning to Lürssen for complex refit and conversion projects

Italian yacht builder <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> has announced the launch of the 69.7-metre custom superyacht <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Superyacht Yard in Ancona.<img src="https://photo-assets.superyachttimes.com/photo/396076/image/large-f645ec7c3870794ae7ea2c24efb1c285.jpg" data-gid="gid://syiq/Photo/396076"> <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> was first announced in September 2023, with the yacht seen outside the shed for the first time in May 2024 when she was transported to the yard in Ancona for outfitting.Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> brings together <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> and <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s Superyacht Division, with <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack Yacht Design</a> which were responsible for her exterior lines, preliminary naval architecture and general arrangement.<img src="https://photo-assets.superyachttimes.com/photo/396084/image/large-79814660dbb43f8d0e8e324159c49142.jpg" data-gid="gid://syiq/Photo/396084">Also known as CRN 145, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> is characterised by a classic elongated bow and a sleek profile, which paired together mirror the graceful lines of sailboats. This is complemented by her gently curved bilges and seamless surfaces, as well as a classic colour scheme of a deep blue hull, and white superstructure, accented by a red bootstripe close to her waterline.&nbsp;Milan-based <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a> developed both her interior concept and the exterior social spaces, while <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> has overseen the yacht’s engineering, the final definition of naval architecture and general arrangements, as well as overall project management through to delivery.<img src="https://photo-assets.superyachttimes.com/photo/396083/image/large-aec99c9840f00e343e94d23e14244c47.jpg" data-gid="gid://syiq/Photo/396083">Her interior design has been developed around the relationship between functionality and aesthetics, with attention given to detailing and material selection. <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a> has worked closely with the shipyard throughout the design and production phases, focusing on both the overall architectural layout of the spaces and the finer elements of detailing.Read more:&nbsp;<a data-gid="gid://syiq/Article/63921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crossing Borders: Building Project Thunderball (2025-07-30 12:30:00 +0200)">Crossing Borders: Building Project Thunderball</a><img src="https://photo-assets.superyachttimes.com/photo/396080/image/large-9d23deb9c676e32f776e64466ff9ace2.jpg" data-gid="gid://syiq/Photo/396080"><a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> acted as the owner’s representative and project management team, providing technical oversight throughout the build. Working alongside the shipyard, they coordinated third-party suppliers and managed inspection, supervision and acceptance processes to ensure alignment with the owner’s requirements.With an 11-metre beam and a gross tonnage of 1,100 GT, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> is designed to accommodate up to 12 guests, across an owner’s suite and five VIP staterooms. Crew accommodation is also provided for up to 15 across nine cabins.<img src="https://photo-assets.superyachttimes.com/photo/396078/image/large-f68150a34f94cc582fcde37465b002da.jpg" data-gid="gid://syiq/Photo/396078"><a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a>’s onboard systems have been integrated into her design wherever possible, with components concealed or visually adapted to suit their surroundings. The emphasis has been placed on functionality and finish rather than overt technical expression.<img src="https://photo-assets.superyachttimes.com/photo/396077/image/large-c0b8e301d15dbf764d62c2c8e690adaa.jpg" data-gid="gid://syiq/Photo/396077">From a technical perspective, the yacht is equipped with an Energy Storage System intended to manage onboard energy flows according to operational requirements. The system is designed to enable peak shaving and silent operation at anchor, contributing to reduced fuel consumption in certain operating modes.<img src="https://photo-assets.superyachttimes.com/photo/396079/image/large-1aeed783f66388ce1b6a27c69b7e10a6.jpg" data-gid="gid://syiq/Photo/396079">In terms of propulsion, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> V12 engines, rated at 1,213kW each, giving the yacht a top speed of 15.5 knots and a cruising speed of 12 knots.In the coming months, work will continue on <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a>'s interior and exterior outfitting, as well as sea trials, before handover to her owner, which is scheduled for summer 2026.(Images courtesy of CRN Yachts.)

Project Thunderball: 70m custom CRN yacht launched

CRN has announced the launch of the 69.7-metre custom superyacht Project Thunderball from the Ferretti Group Superyacht Yard in Ancona. 

70m custom CRN yacht Project Thunderball launched

The 35-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">Pantera</a> is for sale with Hans Van Doornmalen and Antonio de Yturbe Redo of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>. Currently located in Genoa, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is presented to the market following the completion of her five-year <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> Special Survey in April 2026.<img src="https://photo-assets.superyachttimes.com/photo/5788/image/large-cd91f7e1100ccec73d209ce592134c0e.jpg" data-gid="gid://syiq/Photo/5788">Delivered in 2019 by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>, <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">Pantera</a> hails from the Azimut Grande 35 Metri series. She features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, with interiors penned by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>.<img src="https://photo-assets.superyachttimes.com/photo/197780/image/large-0e8b303d5d903eb1e036ff7f2977fda2.png" data-gid="gid://syiq/Photo/197780" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Constructed with a GRP hull and superstructure, the tri-deck <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of 7.5-metres and a draft of 1.91-metres.<img src="https://photo-assets.superyachttimes.com/photo/197781/image/large-32dba33fa1de7312d31a3a9fc56a3fef.png" data-gid="gid://syiq/Photo/197781">On deck, the <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">yacht Pantera for sale&nbsp;</a>offers a range of outdoor living spaces for socialising and relaxation. Across her tri-deck layout, guests may unwind in her lounging and dining areas or soak in the sun and panoramic ocean views on her beach club. Moreover, a private fold-out balcony extends from the owner’s suite, providing a closer connection to the sea.<img src="https://photo-assets.superyachttimes.com/photo/197775/image/large-72f57b8de49b7bdca254d11343b3205d.png" data-gid="gid://syiq/Photo/197775">Inside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=azimut" rel="noopener noreferrer" target="_blank" title="">Azimut yacht for sale</a> embraces a contemporary interior defined by soft curves and a neutral palette. Her main saloon is arranged to create a calm and residential-style atmosphere, with expansive glazing letting in plenty of natural light as well as the views of the surrounding seascape.<img src="https://photo-assets.superyachttimes.com/photo/197777/image/large-14ffea822a92c36029b3d53bb741ef04.png" data-gid="gid://syiq/Photo/197777"><img src="https://photo-assets.superyachttimes.com/photo/197778/image/large-21e9da334ee478dd1bd369f3aa2a232f.png" data-gid="gid://syiq/Photo/197778">Accommodation onboard the 269 GT <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is arranged for up to 12 guests across five well-appointed staterooms. Dedicated quarters are provided for up to seven crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/197776/image/large-7e4c7a00953cb475cee382e8d309763f.png" data-gid="gid://syiq/Photo/197776">In terms of propulsion, <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">Pantera</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which deliver a cruising speed of 21 knots and a top speed of 25 knots. Images courtesy of&nbsp;<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>.&nbsp;

Azimut motor yacht Pantera for sale

The 35m Azimut motor yacht Pantera has been listed for sale with Edmiston, featuring a tri-deck layout and Italian design

35m Azimut motor yacht Pantera for sale

The 27.74-metre classic American fantail motor yacht <a data-gid="gid://syiq/Yacht/17146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Innisfail27.74m (91'0&quot;)Mathis Yacht Building Co1939">Innisfail</a> is on the market. Delivered in 1939, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> was previously known as&nbsp;El Presidente and is a World War II veteran that has served numerous U.S. Presidents throughout her distinguished history.<img src="https://photo-assets.superyachttimes.com/photo/396006/image/large-3b68220f51968e137a482967995301ff.jpg" data-gid="gid://syiq/Photo/396006">Built by the <a data-gid="gid://syiq/Company/3718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mathis Yacht Building Co (Company)">Mathis Yacht Building Company</a> to a design by <a data-gid="gid://syiq/Company/7973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="John Trumpy (Company)">John Trumpy</a>, <a data-gid="gid://syiq/Yacht/17146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Innisfail27.74m (91'0&quot;)Mathis Yacht Building Co1939">Innisfail</a> benefited from a refit in 2007. With a volume of 89 GT, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> can accommodate up to six guests across three staterooms, including an owner's suite. Additional accommodation is provided for crew in three cabins, and the yacht has also undergone USCG inspection for up to 65 passengers.<img src="https://photo-assets.superyachttimes.com/photo/395998/image/large-978eb619bd65e81b341f5af323e7707e.jpg" data-gid="gid://syiq/Photo/395998"><img src="https://photo-assets.superyachttimes.com/photo/396000/image/large-ae65ebbb1f6c5ba88492386034c76d6e.jpg" data-gid="gid://syiq/Photo/396000">Constructed with a wooden hull, the <a href="https://www.superyachttimes.com/yachts/innisfail" target="_blank">yacht Innisfail for sale</a> offers a warm and inviting interior characterised by classic craftsmanship and a homely atmosphere. The main saloon is bathed in natural light thanks to generous windows and features comfortable seating areas for relaxation. Throughout the interior, white finishes are complemented by rich wood detailing.<img src="https://photo-assets.superyachttimes.com/photo/396001/image/large-0b6d9b81abc5102f8690cf1657da81b6.jpg" data-gid="gid://syiq/Photo/396001"><img src="https://photo-assets.superyachttimes.com/photo/395996/image/large-34b2097d40b1cc40afcbc703baddfed3.jpg" data-gid="gid://syiq/Photo/395996">Moving outside, guests can enjoy a spacious aft deck designed for alfresco dining and entertaining, with uninterrupted views of the surrounding seascape. Additional lounging areas can be found on both the flybridge and foredeck, providing multiple spaces from which to enjoy life on the water.<img src="https://photo-assets.superyachttimes.com/photo/396008/image/large-2ae8ac48e58ddf9228b76cdf7db3a282.jpg" data-gid="gid://syiq/Photo/396008"><img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/396003/image/large-84acaaa6a5d339505847c03ef5b6bac4.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260604%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260604T052453Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=78a610fb80018ba7b5b608f648569120041a307c7da8d1359f04af42ef9a57d5" data-gid="gid://syiq/Photo/396003">In terms of performance, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=mathis-yacht-building-co" target="_blank">Mathis yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engines, delivering a cruising speed of 8 knots and a top speed of 11.5 knots.

motor yacht Innisfail for sale

The 27.74-metre classic American fantail motor yacht Innisfail is on the market.

28m pre-war classic yacht Innisfail for sale

<img src="https://photo-assets.superyachttimes.com/photo/396010/image/large-f907bd3a032d83f09dcd6772bcbe659d.jpg" data-gid="gid://syiq/Photo/396010">The 67.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> support vessel <a data-gid="gid://syiq/Yacht/4532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalm67.15m (220'4&quot;)Damen Yachting2014">Kalm</a> was spotted cruising off Málaga last Saturday.Previously named 6711 Geo and Dapple, she was delivered by her builder in 2014. The vessel features exterior design by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting’s</a> in-house team, while her interiors were created in collaboration with British designer <a data-gid="gid://syiq/Company/2091" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Berryman Design Ltd (Company)">Mark Berryman</a>.<a data-gid="gid://syiq/Yacht/4532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalm67.15m (220'4&quot;)Damen Yachting2014">Kalm</a> benefitted from a refit at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Group</a> in Barcelona between 2023 and 2024. She can accommodate up to 20 crew, including the captain. Notable onboard features include a built-in decompression chamber, a dive store comparable in quality to those found on military vessels, a fully commercial helideck with a maximum take-off weight of 4,850 kilograms, and an expansive aft deck dedicated to watercraft operations, including space for a submarine.In terms of performance, <a data-gid="gid://syiq/Yacht/4532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalm67.15m (220'4&quot;)Damen Yachting2014">Kalm</a> is powered by four engines, enabling a cruising speed of 15 knots and a top speed of 22 knots.

Damen support vessel Kalm in Málaga

The 67.15-metre Damen Yachting support vessel Kalm was spotted cruising off Málaga last Saturday.

67m Damen Yachting support vessel Kalm in Málaga

The largest yachts in Saint Tropez

We take a look at some of the largest yachts recently in Saint Tropez below.

Spotted: The largest yachts in Saint Tropez

<a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has announced the launch of the first 49.9-metre <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50 yacht</a> from its shipyard in La Spezia, Italy. The yacht is the debut unit in the Italian shipyard’s new FAST50 series, introducing a new generation of aluminium superyachts combining high-performance, generous volumes, and aggressive styling.<img src="https://photo-assets.superyachttimes.com/photo/395886/image/large-26d5b7f1e0ee1e363785c3eb868454d2.jpg" data-gid="gid://syiq/Photo/395886" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> The <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50 yacht</a> was first unveiled as <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s flagship fast yacht concept in February 2024, combining the performance capabilities of the shipyard’s historic aluminium builds with the volumes and liveability typically associated with larger displacement yachts. <a data-gid="gid://syiq/Article/59694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto introduces Francesco Paszkowski-designed X50 and FAST50 superyachts (2024-02-08 15:45:00 +0100)">Read: Baglietto introduces Francesco Paszkowski-designed X50 and FAST50 superyachts</a> According to her builder, the model has been developed to reinterpret through a contemporary lens the legacy of iconic Baglietto fast yachts such as <a data-gid="gid://syiq/Yacht/1635" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adler36.0m (118'1&quot;)Baglietto S.p.A.1987">Adler</a>, Pachamama and the Compasso d’Oro-winning <a data-gid="gid://syiq/Yacht/2036" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monokini44.0m (144'4&quot;)Baglietto S.p.A.2013">Monokini</a>. “With the <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50</a>, we wanted to reinterpret <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s most authentic DNA- that of the large, high-performance aluminium yachts that shaped the shipyard’s history- translating it into a contemporary platform capable of combining performance, comfort and extraordinary liveability,” commented Fabio Ermetto, Chief Commercial Officer at <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>. “This project perfectly represents our vision: sporty yachts with a strong identity, yet architecturally and technically advanced, and deeply tailored around the owner’s lifestyle.” Built entirely in aluminium, the FAST50 features exterior design by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, who also collaborated with <a data-gid="gid://syiq/Company/6365" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Margherita Casprini (Company)">Margherita Casprini</a> on the interior design. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">Pierluigi Ausonio Naval Architecture</a>.<img src="https://photo-assets.superyachttimes.com/photo/395885/image/large-0f0cbb8a980f43063a7800f391c1bc74.jpg" data-gid="gid://syiq/Photo/395885" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Throughout the project, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has drawn inspiration from the automotive sector, with integrated air intakes, sports car-inspired stern fairleads and a bespoke “Porsche Chalk” hull colour developed using a custom Boero paint cycle.A key feature of the <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50</a> is her two-level stern, which is fitted with several innovative features introduced on the T-line, including the yard’s signature fold-down bulwarks that extend the beach club area closer to the water, alongside a hidden transformer replacing the traditional passerelle to keep the yacht’s sleek look. In addition, the yacht’s indoor and outdoor areas are seamlessly connected thanks to her full-height windows and Baglietto’s signature “cut-out” bulwarks, which strengthen connection to the sea.On her upper deck, a veranda that opens on three sides hosts a panoramic dining room, while her foredeck features a lounge area, sunpads and a Jacuzzi located at the bow. Moreover, a rooftop, rare for yachts of her category, serves as a private retreat where guests can dine, lounge, and relax.Furthermore, a stern garage with a flooding launch system is capable of accommodating a tender up to seven-metres, alongside a second garage forward.The yacht's interiors have been designed to complement the exterior design. Lacquered surfaces, experimental woods such as burnt oak, and artistic lighting all harmoniously contribute to her contemporary design profile. Lightweight materials were favoured over heavier marble and natural stone to support the yacht's high-performance credentials, with even the exterior handrails crafted from titanium to optimise weight.Unlike many of the shipyard’s earlier fast yachts, the <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50 yacht</a> has been developed across three full decks, featuring a wide-body owner's suite on the main deck.&nbsp;At an interior volume of 499 GT, accommodation onboard is arranged across four staterooms, including two VIP staterooms and two twin staterooms on the lower deck, all with en-suite facilities. Crew accommodation comprises four dedicated quarters, captain's quarters and a spacious crew mess.In terms of performance, the yacht is powered by four <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which are expected to deliver a top speed of 30 knots.&nbsp;

First 50m Baglietto FAST50 superyacht launched

Baglietto has launched the first 50m FAST50 yacht from its shipyard in La Spezia, Italy.


The 29.6-metre Sanlorenzo motor yacht <a data-gid="gid://syiq/Yacht/10797" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kapusha29.6m (97'1&quot;)Sanlorenzo2021">Kapusha</a> has been sold. Andy McDougall of <a data-gid="gid://syiq/Company/8615" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MXG Yachts (Company)">MXG Yachts</a> introduced the buyer, while Dmitry Lukin of <a data-gid="gid://syiq/Company/4536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="West Nautical (Company)">West Nautical</a> Middle East represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/395804/image/large-a388d13b778e3f2e96d4d2837d4f9bbc.png" data-gid="gid://syiq/Photo/395804">Delivered in 2021, she features interior design created by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a> and naval architecture penned in-house by her builder. Inside, her Soho-inspired palette marries warm woods, tailored textiles and stone detailing.She can accommodate up to eight guests across four well-appointed staterooms, consisting of a full-beam owner’s suite, VIP and two twin suites. Moving outside, guests can socialise in the flybridge, while multiple dining and sunbathing zones are spread out throughout the exterior areas.In terms of her technical aspects, <a data-gid="gid://syiq/Yacht/10797" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kapusha29.6m (97'1&quot;)Sanlorenzo2021">Kapusha</a> is fitted with zero-speed fin stabilisers, hydraulic stern thrusters and a Raymarine Diamond navigation package.At the time of her sale, she had a last known asking price of €7,250,000.Photo courtesy of <a data-gid="gid://syiq/Company/4536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="West Nautical (Company)">West Nautical</a>.

Sanlorenzo yacht Kapusha sold

The 29.6-metre Sanlorenzo motor yacht Kapusha has been sold.